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Summary of the 66th GEF Council meeting
On its final day, the Global Environment Facility Council, meeting as the first Global Biodiversity Framework Fund (GBFF) Council, completed the work needed to make the GBFF operational in the upcoming weeks. The Council approved the GBFF Project Cycle Policy providing for a streamlined project cycle for all GBFF projects, and the FY24 and FY25 administrative budget and business plan vis-à-vis the Fund.
GEF deploys additional high-impact climate adaptation funding
The Global Environment Facility’s member countries have approved $203 million in high-impact climate adaptation investment for Least Developed Countries, Small Island Developing States, and other countries needing to reinforce their food systems, water resources, and warning systems as a result of growing climate change risks.
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